Even though financial expert Catherine Austin Fitts thinks the chance of total collapse is “relatively small” she’s not discounting the chance of a major move this fall. Fitts contends, “I think this fall is going to be a major turning point. You see the SDR (Special Drawing Rights) system coming to a head. The U.S. budget is going to be a very difficult debate. You see the push to get the Trans-Pacific Partnership (TPP) and the EU deal done. You have a lot of institutional relationships that needed to be restructured in the last couple of years. Those changes are all coming to a head, and so we are going to get a big shift. If you are managing a big bond fund, you got a big problem. . . . There is going to be a turn in the bond market or a plateau, and that’s going to be uncomfortable for those guys, and we are going to see some messy times.”
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Catherine Austin Fitts, founder of Solari.com.